Ontario · Receivership (court-appointed)
Motion Record of the Receiver - returnable December 3, 2018.pdf
Application / notice of application · 3 December 2018
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What we verified from this filing2 verified
- fee scheduleengagements: form: invoice_listing · rows: · money: · period: end: 2018-10-31 · kind: invoice · quote: For the period of May 17, 2018 to October 31, 2018 Baker McKenzie has incurred · start: 2018-05-17 · approval: state: unstated · averages: · currency: code: CAD · quote: 5,900.00 CAD · invoices: date: 2018-10-29 · fees: 51298 · quote: Total Hours 96.30 | Total Fees | 51,298.00CAD · disbursements: 405.58 · firm text: Baker & McKenzie LLP · firm quote: I am a partner at the law firm of Baker & McKenzie LLP ( ' Baker McKenzie ' ) · context quote: Lawyers for the Receiver, Deloitte Restructuring Inc.; form: time_summary · rows: · money: fees: quote: Total Hours 8.60 | Total | Fees | 5,900.00 CAD · amount: 5900 · approximate: false · disbursements: quote: 160.00 Disbursements | CAD · amount: 160 · period: end: 2018-05-31 · kind: invoice · quote: Professional services and disbursements incurred for the period ending: May 31, 2018 · approval: state: unstated · averages: · currency: code: CAD · quote: 5,900.00 CAD · invoices: · firm text: Baker & McKenzie LLP · firm quote: I am a partner at the law firm of Baker & McKenzie LLP ( ' Baker McKenzie ' ) · hours total: quote: Total Hours 8.60 · value: 8.6 · context quote: Professional services and disbursements incurred for the period ending: May 31, 2018; form: time_summary · rows: Charles Magerman; John Pirie; Michael Nowina; Alexandra Burke; Brendan O'Grady; Jan Nato · money: fees: quote: Total Hours 96.30 | | Total Fees | 51,298.00CAD · amount: 51298 · approximate: false · disbursements: quote: 405.58 Disbursements | CAD · amount: 405.58 · period: kind: invoice · approval: state: unstated · averages: · currency: code: CAD · quote: 51,298.00CAD · invoices: · firm text: Baker & McKenzie LLP · firm quote: I am a partner at the law firm of Baker & McKenzie LLP ( ' Baker McKenzie ' ) · context quote: Professional services and disbursements incurred for the period ending: May 31, 2018
- recovery outcomeentries: basis: estimated · quote: As the Receiver currently holds approximately $5.5 million in its trust account with no further anticipated material recoveries from the Company's assets, the Lender will be experiencing a significant shortfall such that there are no projected recoveries for any other subordinate stakeholders of the Company. · pct of: unstated · outcome: shortfall · class key: secured · stated by: receiver · class label: Lender · creditor name: HSBC Bank Canada · interim final: unstated · claims qualifier: unstated; basis: estimated · quote: As the Receiver currently holds approximately $5.5 million in its trust account with no further anticipated material recoveries from the Company's assets, the Lender will be experiencing a significant shortfall such that there are no projected recoveries for any other subordinate stakeholders of the Company. · pct of: unstated · outcome: nil · stated by: receiver · class label: other subordinate stakeholders of the Company · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Receiver made payments of $38,990 to CRA in relation to the deemed trust for payroll source deduction and HST arrears and $77,308 to ESDC in relation to employee claim for unpaid wages pursuant to WEPP, both of which rank in priority to the Lender's claims. · pct of: unstated · outcome: distribution · class key: deemed_trust · stated by: receiver · amount low: 38990 · amount high: 38990 · class label: deemed trust for payroll source deduction and HST arrears · creditor name: CRA · interim final: unstated · claims qualifier: unstated; basis: actual · quote: The Receiver made payments of $38,990 to CRA in relation to the deemed trust for payroll source deduction and HST arrears and $77,308 to ESDC in relation to employee claim for unpaid wages pursuant to WEPP, both of which rank in priority to the Lender's claims. · pct of: unstated · outcome: distribution · class key: weppa · stated by: receiver · amount low: 77308 · amount high: 77308 · class label: employee claim for unpaid wages pursuant to WEPP · creditor name: ESDC · interim final: unstated · claims qualifier: unstated · stated on: 2018-11-21 · table missing: